Kamis, 14 Juli 2011

PT Delta Dunia Makmur Tbk (“DOID”) has successfully completed a Rights Issue, which raised gross proceeds of Rp. 1,222 billion (~US$142 million) through an offering of 1,358,082,372 of its common shares priced at Rp. 900 per share and carrying a par value of Rp. 50 per share (the “Rights Shares”). The Rights Shares equal 16.7% of DOID’s issued and paid up capital after the Rights Issue. The Rights Issue was fully taken up by existing shareholders and when calculating requests for additional shares from existing shareholders (over allotment) the Rights Issue was 1.2x subscribed. Therefore, there were no remaining Rights Shares purchased by Northstar Tambang Persada Ltd as the standby purchaser.

The proceeds from the Rights Issue will be used to fund capital expenditures and working capital at DOID’s primary operating subsidiary, PT Bukit Makmur Mandiri Utama (“BUMA”), inorganic growth by DOID through potential acquisitions and general corporate purposes.

PT Delta Dunia Makmur Tbk
DOID was established in 1990 and through its primary subsidiary, BUMA, is one of the largest coal mining contractors in Indonesia, based on production volumes. As of March 31, 2011, BUMA operated a fleet of 2,046 units of heavy equipment used in coal mining, including excavators, dump trucks, bulldozers, drillers and graders. BUMA has three key customers, namely PT Berau Coal, PT Adaro Indonesia and PT Kideco Jaya Agung, which contribute significantly to DOID’s net revenues. As of and for the year ended 31 March 2011, DOID had net revenues of Rp.1,551 billion, operating income of Rp. 176 billion and assets totalling Rp.7,711 billion. DOID is listed on the Main Board of the Indonesian Stock Exchange (IDX ticker: DOID). DOID is headquartered in Jakarta, Indonesia.